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The 65-Day Rule Its Impact on Trust Income Taxes The 65-day distribution election allows the trustee to complete an accounting for all items of income that are booked at the end of the year before determining the amount that should be distributed to the beneficiary to minimize the taxes due
26 CFR § 1. 663(b)-1 - Distributions in first 65 days of taxable year . . . With respect to taxable years of a trust beginning before January 1, 1969, the fiduciary of the trust may elect under section 663 (b) to treat distributions within the first 65 days following such taxable year as amounts which were paid or credited on the last day of such taxable year, if:
The 65-Day Rule for Trust Distributions | abip CPAs Advisors The 65-day rule under Internal Revenue Code 663 (b) allows trustees of a trust to treat distributions that are made within the first 65 days of the trust’s tax year as if they were paid or credited on the last day of the preceding tax year For 2025, the 65th day deadline is March 6
Gains, Distributable Net Income and the 65-Day Rule Quick-Take: Lots of thought must go into whether to leave income in a trust and subject it to confiscatory federal income tax rates, or to distribute that income to trust beneficiaries, exposing the taxable income to a beneficiary’s lower marginal federal income tax rate
Deadline for 65-Day Rule Quickly Approaching: Capitalize on Tax . . . Estates and trusts get a unique tax-planning advantage: the 65 day rule, which allows certain early year distributions to be treated as if they were made in the prior tax year This flexibility can shift income to beneficiaries in lower tax brackets, potentially creating significant tax savings when used strategically
Understanding the 65-Day Rule: Tax Implications for Trusts - SVA Shows how shifting income to beneficiaries within 65 days after year-end can reduce a trust’s taxable income Includes a tax example illustrating potential savings when a trust distributes income to beneficiaries in lower tax brackets
The 65-Day Rule: A Strategic Tax Planning Tool for Trusts This rule enables trustees of complex trusts to treat distributions made within the first 65 days of a new tax year as if they were made on the last day of the prior tax year